U.S. muni bond fund weekly outflows narrow to $534.9 mln in latest week

April 18 Thu Apr 18, 2013 4:59pm EDT

April 18 (Reuters) - U.S. municipal bond funds reported net outflows of $534.9 million in the week ended April 17, compared to $630.66 million of outflows during the previous week, Lipper said on Thursday.

The four-week moving average widened to net outflows of $371.6 million, compared to a week earlier, when the outflow was $303.16 million, according to Lipper, a unit of Thomson Reuters.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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